MIRA INFORM REPORT

 

 

Report No. :

325338

Report Date :

29.05.2015

 

IDENTIFICATION DETAILS

 

Name :

HINDALCO INDUSTRIES LIMITED

 

 

Registered Office :

Century Bhavan, 3rd Floor, Dr. Annie Besant Road, Worli, Mumbai – 400025, Maharashtra

Tel No. :

91-22-2430 8491

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

15.12.1958

 

 

Com. Reg. No.:

11-011238

 

 

Capital Investment / Paid-up Capital :

Rs.2065.200 Million

 

 

CIN No.:

[Company Identification No.]

L27020MH1958PLC011238

 

 

TIN No.:

Not Available

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMI05060G

 

 

PAN No.:

[Permanent Account No.]

AAACH1201R

 

 

Legal Form :

A Public Limited Liability Company.  The Company’s Shares are Listed on the Stock Exchanges.

 

 

Line of Business :

Manufacturer of Aluminum and Copper.

 

 

No. of Employees :

Information denied by management

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Aa (74)

 

RATING

STATUS

PROPOSED CREDIT LINE

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

Large

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Exist

 

 

Comments :

Subject is one of the largest integrated aluminum manufacturer in India. It is a well-established and reputed company having excellent track record.

 

The rating reflects company’s healthy financial risk profile marked by adequate liquidity position and strong net worth position of the company.

 

The rating also takes into consideration company established market position in aluminum industry and extensive experienced of its promoters.

 

Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments.

 

The company can be considered good for normal business dealings at usual trade terms and conditions.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

CRISIL

Rating

Long Term Rating = AA

Rating Explanation

High degree of safety and very low credit risk

Date

26.09.2014

 

 

Rating Agency Name

CRISIL

Rating

Short Term Rating = A1+

Rating Explanation

Very strong degree of safety and lowest credit risk

Date

26.09.2014

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

 

LOCATIONS

 

Registered Office/

Marketing Head Office:

Century Bhavan, 3rd Floor, Dr. Annie Besant Road, Worli, Mumbai – 400 025, Maharashtra, India

Tel. No.:

91-22-24308491 / 92 / 93 / 66626666

Fax No.:

91-22-24227586 / 24362516

E-Mail :

hindalco.rkt@rmjsprintrpg.ems.vsnl.net.in

ajjhala@hindalco.com

pragnyaram@adityabirla.com

rkasliwal@adityabirla.com

ajjhala@adityabirla.com

careers@adityabirla.com

sangram@adityabirla.com

a.malik@adityabirla.com

anil.malik@adityabirla.com

prem.arun@adityabirla.com

Website :

http://www.adityabirla.com/hindalco 

http://www.hindalco.com

 

 

Corporate Office 1/ - Marketing Head Office  (Copper) :

Aditya Birla Centre, III Floor, B Wing, S. K. Ahire Marg, Worli, Mumbai – 400030, Maharashtra, India

Tel No.:

91-22-66525000 / 24995000

Fax No.:

91-22-66525847 / 24995841

Email :

bm.sharma@adityabirla.com

Website:

http://www.birlacopper.com

 

 

Corporate Office 2:

Foil and  Packaging Business, Kalwa Works, Thane Belapur Road, Near Vitawa Village, Kalwa, Thane-400 605, Maharashtra, India

Tel. No.:

91-22-25347151

Fax No. :

91-22-24227586

Email :

amalik@adityabirla.com

 

 

Domestic Marketing - West Zone

264-265, Vasvani Chambers, 2nd Floor, Dr. Annie Besant Rd, Opposite Old Passport Office, Worli, Mumbai - 400 030, Maharashtra, India 

Tel. No.:

91-22-49204252

Fax No. :

91-22-49204500 

Email :

vijay.c.kamle@adityabirla.com 

 

 

Regional Office – Aluminum :

Ahura Centre, 1st Floor, 82, Mahakali Caves Road, Mumbai – 400093, Maharashtra, India

Tel No.: 91-22-66917031 / 30 / 37 / 40 /00

Fax No.:91-22-66917070

 

Vandhana, 5th Floor ,11 Tolstoy Marg, New Delhi – 110001, India

Tel No.: 91-11-42200204 / 228 / 230 / 271 / 200

Fax No.:91-11-23721595

 

Jeevan Deep, 2nd Floor 1, Middleton Street Kolkata – 700071, West Bengal, India

Tel No.: 91-33-22809710

Fax No.:91-33-22886139

 

Industry House, 7th Floor, 45, Race Course Road, Bangalore – 560001, Karnataka, India

Tel No.:91-80-4041 6010 / 21 / 22 / 00

 

 

Principal Office and Works / Renusagar Power Division :

District Sonbhadra, P. O. Renukoot – 231217, Mirzapur, Uttar Pradesh, India

Tel. No.:

91-5446-252077-9/ 272501-5

Fax No.:

91-5446-252107 / 252427/ 272382

E-Mail :

hindalco.rkt@adityabirla.com

 

 

Birla Copper Division:

P. O. Dahej, Lakhigam, District Bharuch – 392130, Gujarat, India

Tel. No.:

91-2641-256004-06/251009

Fax No.:

91-2641-251002-3

E-Mail :

birlacopper@adityabirla.com

 

 

Foil and Wheels Division:

 

Village Khutli, Khanvel, Silvassa – 396230, Union Territory of Dadara and Nagar Haveli, India

Tel. No.:

91-260-2677021-4

Fax No.:

91-260-2677025

 

 

Export Office:

9/1, R. N. Mukherjee Road, Kolkata – 700001, West Bengal, India

Tel. No.:

91-33-22480949 / 22200464

Fax No.:

91-33-22200214

Email:

hindalco@cal2.vsnl.net.in

 

 

Factory :

ALUMINIUM AND POWER

 

Renukoot Plant

P.O. Renukoot -231217, District Sonbhadra, Uttar Pradesh, India

Tel No.: 91-5446-252077-9

Fax No.:91-5446-252107

 

Renusagar Power Division

P. O. Renusagar, District Sonbhadra, Uttar Pradesh, India

Tel No.: 91-5446-272502-5

Fax No.: 91-5446272382

 

Hirakud Smelter

Hirakud 768 016, District Sambalpur, Orissa, India

Tel No.: 91-663- 2481307/1452

Fax No.:91-663-2481356

 

Hirakud Power

Post Box No.12, Hirakud 768 016, District: Sambalpur, Orissa Alupuram, India

Tel No.:  91-663- 2481307

Fax No.: 91-663- 2481342/365

 

Mahan Aluminium

NH-75-E, Singrauli, Sidhi Road, P.O., Bargawan, District- Singaruli - 486886, Madhya Pradesh, India 

Tel No.: 07805281014

 

Aditya Aluminium

Lapanga, District Sambalpur – 768212, Orissa, India

Tel No.:91- 663-2114424

Fax No.: 91- 663-2590434

 

COPPER:

 

Birla Copper Division

P.O. Dahej, Lakhigam Post, District. Bharuch – 392 130, Gujarat, India

Tel No.:   91-2641- 256004-06/ 251009

Fax No.: 91-2641- 251002-3

 

CHEMICALS:

 

Muri Alumina

Post Chotamuri-835 101, District Ranchi, India

Tel No.:   : 91-6522- 244396

Fax No.: 91-6522-244231

 

Belgaum Alumina

Village Yamanapur , Belgaum 590 010 39, Karnataka, India

Tel No.:    91-831-2472716

Fax No.:91-831-2472728

 

MINES

 

Chandgad Mines

At Post: Chandgad – 416509, District: Kolhapur, Maharashtra, India

Tel/Fax: (02320) 213342

 

Durgmanwadi Mines

At Post Radhanagri, District: Kolhapur, Maharashtra – 416 212, India

Tel No.: 91-2321-260036

Fax No.: 91-2321-260037

 

Lohardaga Mines

District: Lohardaga – 835 302, Jharkhand, India

Tel No.: 91-6526-224446

Fax No.: 91-6526-224446

 

Talabira Mines

Talabira-1, Qrs. No. A6/1, Saraswati Vihar, P.O. Sankarma, District Sambalpur, Orissa, India

Tel No.: 91-663-2230573

 

SHEET, FOIL, WHEEL, PACKAGING AND EXTRUSIONS

 

Foils and Wheels Division, Village Khutli, Khanvel, Silvassa-396230, U.T., India

Tel No.:  91-260-2677021/4

Fax No.:  91-260-2677025

 

Belur Sheet

39, Grand Trunk Road, Belurmath 711 202, District: Howrah, West Bengal, India

Tel No.:  91-33-26547210

Fax No.: 91-33-26549982

 

Taloja Sheet

Plot 2, MIDC Industrial Area, Taloja A.V., District: Raigad, Navi Mumbai – 410 208, Maharashtra, India

Tel No. 91-22-27412261/ 66292929

Fax No.: 91-22-27412430

  

Alupuram Extrusions

Alupuram, P.B. No.30, Kalamassery – 683 104, District: Ernakulam, Kerala, India

Tel No.: 91-484-2532441

Fax No.:  91-484- 2532468

 

Mouda Unit

Village Dahali, Ramtek Road, Mouda, Nagpur – 441 104, Maharashtra, India

Tel No: 91-7115-660777/786

 

Kollur Works

Village- Kollur, Re Puram Mandal, Via Mutangi, Medak District, Andhra Pradesh – 502 300, India

Tel No:: 91-8413- 234300/ 234204/05

Fax No.: 91-8455-288829

 

Hirakud FRP

Hirakud, District – Sambalpur -– 768016, Orissa, India

Tel No.:91-663-6625000

Fax No.:91-663-2481344

 

 

DIRECTORS

 

As on 31.03.2014

 

Name :

Mr. Kumar Mangalam Birla

Designation :

Chairman

Address :

16-A, IL-Palazzo, Little Gibbs Road, Mumbai – 400 006, Maharashtra, India

Qualification :

A.C.A, M.B.A.

Date of Birth :

14.06.1967

Date of Appointment :

16.11.1992

 

 

Name :

Mr. Debnaranyan Bhattacharya

Designation :

Managing Director

Qualification :

B. E. (Chemicals), IIT

Date of Birth :

13.09.1948

Date of Appointment :

30.04.2003

 

 

Name :

Mr. Satish Pai,

Designation :

Deputy Managing Director

 

 

Name :

Mrs. Rajashree Birla

Designation :

Non-Executive Director

Address :

16-A, IL- Palazzo, Little Gibbs Road, Mumbai – 400 006, Maharashtra, India

Date of Appointment :

15.03.1996

 

 

Name :

Mr. Madhukar Manilal Bhagat

Designation :

Non-Executive Directors

 

 

Name :

Mr. Kailash Nath Bhandari

Designation :

Non-Executive Directors

 

 

Name :

Mr. Askaran K. Agarwala

Designation :

Non-Executive Director

Address :

“Haveli”, Flat No.3, L.D. Ruparel Marg, Mumbai – 400 006, Maharashtra, India

Qualification :

B.Com, F.C.A, LLB

Date of Birth :

01.07.1993

Date of Appointment :

11.09.1998

 

 

Name :

Mr. Narendra Jamnadas Jhaveri

Designation :

Non-Executive Directors

 

 

Name :

Mr. Ram Charan

Designation :

Non-Executive Directors

 

 

Name :

Mr. Jagdish Khattar

Designation :

Non-Executive Directors

Qualification :

BA (Hons), LLB

Date of Birth :

18.12.1942

Date of Appointment :

09.05.2011

 

 

KEY EXECUTIVES

 

Name :

Mr. Anil Malik

Designation :

Company Secretary

 

 

Name :

Mr. Praveen Maheshwari

Designation :

Chief Financial Officer

 

 

BUSINESS / UNIT HEAD:

Name :

Mr. Dilip Gaur

Designation :

Group Executive President, Copper

 

 

Name :

Mr. Sachin Satpute

Designation :

Chief Marketing Officer, Aluminium

 

 

Name :

Mr. Satish Mohan Bhatia

Designation :

Chief Marketing Offi cer, Aluminium

 

 

Name :

Mr. Sanjay Sehgal

Designation :

President (Chemicals)

 

 

Name :

Mr. Dinesh Kumar Kohly

Designation :

Chief Operating Offi cer

(Renukoot, Renusagar & Mahan Units)

 

 

Name :

Mr. B. Arun Kumar

Designation :

President (Operations)

 

 

CORPORATE :

Name :

Mr. Bharat Bhushan Jha

Designation :

Senior President (Corporate Projects and Procurement)

 

 

Name :

Mr. Vineet Kaul

Designation :

Chief People Officer

 

 

NOVELIS INC

Name :

Mr. Debnarayan Bhattacharya

Designation :

Vice Chairman

 

 

Name :

Mr. Philip Martens

Designation :

President and Chief Executive Officer

 

 

UTKAL ALUMINA INTERNATIONAL LIMITED

 

Name :

Mr. Vijay Sapra

Designation :

President

 

 

ADITYA BIRLA MINERALS LIMITED

 

Name :

Mr. Debnarayan Bhattacharya

Designation :

Chairman

 

 

Name :

Mr. Sunil Kulwal

Designation :

Chief Executive Officer and MD

 

 

SHAREHOLDING PATTERN

 

As on 31.03.2015

 

 

Category of Shareholder

No. of Shares

Percentage of Holding

(A) Shareholding of Promoter and Promoter Group

http://www.bseindia.com/include/images/clear.gif(1) Indian

 

 

http://www.bseindia.com/include/images/clear.gifIndividuals / Hindu Undivided Family

2398696

0.12

http://www.bseindia.com/include/images/clear.gifBodies Corporate

745082362

36.08

http://www.bseindia.com/include/images/clear.gifAny Others (Specify)

16316130

0.79

http://www.bseindia.com/include/images/clear.gifTrusts

16316130

0.79

http://www.bseindia.com/include/images/clear.gifSub Total

763797188

36.99

http://www.bseindia.com/include/images/clear.gif(2) Foreign

 

 

Total shareholding of Promoter and Promoter Group (A)

763797188

36.99

(B) Public Shareholding

http://www.bseindia.com/include/images/clear.gif(1) Institutions

 

 

http://www.bseindia.com/include/images/clear.gifMutual Funds / UTI

21898565

1.06

http://www.bseindia.com/include/images/clear.gifFinancial Institutions / Banks

43474184

2.11

http://www.bseindia.com/include/images/clear.gifCentral Government / State Government(s)

58040

0.02

http://www.bseindia.com/include/images/clear.gifInsurance Companies

215317901

10.43

http://www.bseindia.com/include/images/clear.gifForeign Institutional Investors

574208373

27.81

http://www.bseindia.com/include/images/clear.gifSub Total

854957063

41.42

http://www.bseindia.com/include/images/clear.gif(2) Non-Institutions

 

 

http://www.bseindia.com/include/images/clear.gifBodies Corporate

86741720

4.21

http://www.bseindia.com/include/images/clear.gifIndividuals

 

 

http://www.bseindia.com/include/images/clear.gifIndividual shareholders holding nominal share capital up to Rs. 1 lakh

124802625

6.68

http://www.bseindia.com/include/images/clear.gifIndividual shareholders holding nominal share capital in excess of Rs. 1 lakh

9979311

0.52

http://www.bseindia.com/include/images/clear.gifAny Others (Specify)

16159558

2.46

http://www.bseindia.com/include/images/clear.gifNon Resident Indians

8619070

0.51

http://www.bseindia.com/include/images/clear.gifShares in transit

3665936

0.18

http://www.bseindia.com/include/images/clear.gifForeign Corporate Bodies

0.00

1.58

http://www.bseindia.com/include/images/clear.gifTrusts

3874552

0.19

http://www.bseindia.com/include/images/clear.gifSub Total

237683214

13.87

Total Public shareholding (B)

1092640277

55.29

Total (A)+(B)

1856437465

92.28

(C) Shares held by Custodians and against which Depository Receipts have been issued

 

 

http://www.bseindia.com/include/images/clear.gif(1) Promoter and Promoter Group

14542309

0.70

http://www.bseindia.com/include/images/clear.gif(2) Public

144860149

7.02

http://www.bseindia.com/include/images/clear.gifSub Total

159402458

7.72

Total (A)+(B)+(C)

2015839923

100.00

 

 

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Aluminum and Copper.

 

 

Products :

Product Description

Item Code No. (ITC Code)

Aluminium Ingots

7601

Aluminium Rolled Products

7606

Aluminium Redraw Rods

7605

Copper Cathodes

740311

Continuous Cast Copper Rods

740710

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

 

Selling :

Not Divulged 

 

 

Purchasing :

Not Divulged 

 

PRODUCTION STATUS – NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged 

Name of the Person :

Not Divulged 

Contact No.:

Not Divulged 

Since How Long Known :

Not Divulged 

Experience :

Not Divulged 

Maximum Limit Dealt :

Not Divulged 

Remark :

Not Divulged 

 

 

Customers :

Reference :

Not Divulged 

Name of the Person :

Not Divulged 

Contact No.:

Not Divulged 

Since How Long Known :

Not Divulged 

Experience :

Not Divulged 

Maximum Limit Dealt :

Not Divulged 

Remark :

Not Divulged 

 

 

No. of Employees :

Information denied by management

 

 

Bankers :
  • UCO Bank, Mumbai, Maharashtra, India
  • State Bank of India, Mumbai, Maharashtra, India
  • Allahabad Bank, Mumbai, Maharashtra, India
  • American Express Bank Limited, Mumbai, Maharashtra, India
  • Bank of America, Mumbai, Maharashtra, India
  • Citibank N. A., Mumbai, Maharashtra, India
  • ABN Amro Bank N.V., Mumbai, Maharashtra, India
  • Union Bank of India, Mumbai, Maharashtra, India
  • IDBI Bank Limited, Mumbai, Maharashtra, India
  • Hongkong and Shanghai Banking Corporation Limited
  • Standard Chartered Grindlays Bank, Plc, 19, N. S. Road, Kolkata, West Bengal, India

 

 

Facilities :

SECURED LOANS

31.03.2015

Rs. In Million

31.03.2014

Rs. In Million

LONG TERM BORROWINGS

 

 

Debentures

NA

60000.0000

Term Loans:

 

 

From Banks

NA

156187.500

From Other Parties

NA

4885.000

SHORT TERM BORROWINGS

 

 

From Banks:

 

 

Cash Credit, Export Credit, etc. -

NA

112.200

Total

NA

221184.700

 

 

 

 

 

Auditors :

 

Name :

Singhi and Company

Chartered Accountants

Address :

Kolkata, West Bengal, India

 

 

Cost Auditors :

 

Name :

R. Nanabhoy and Company

Cost Accountant

Address :

Mumbai, Maharashtra India

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Subsidiaries:
  • Hindalco Guniea SARL
  • Minerals & Minerals Limited
  • Aditya Birla Chemicals (India) Limited
  • Utkal Alumina International Limited
  • Utkal Alumina Technical and General Services Limited
  • Suvas Holdings Limited
  • Renukeshwar Investments & Finance Limited
  • Renuka Investments & Finance Limited
  • Dahej Harbour and Infrastructure Limited
  • Lucknow Finance Company Limited
  • Hindalco-Almex Aerospace Limited
  • Hindalco do Brasil Indústriae Comércio de Alumina Ltda., (w.e.f. 1st August, 2013)
  • Tubed Coal Mines Limited
  • East Coast Bauxite Mining Company Private Limited
  • Mauda Energy Limited
  • Birla Resources Pty. Limited
  • Aditya Birla Minerals Limited
  • Birla Maroochydore Pty. Limited
  • Birla Nifty Pty. Limited
  • Birla Mt. Gordon Pty. Limited
  • A V Minerals (Netherlands) N.V.
  • A V Metals Inc.
  • Novelis Inc.
  • Novelis (India) Infotech Limited
  • Novelis No. 1 Limited Partnership
  • 4260848 Canada Inc.
  • 4260856 Canada Inc.
  • 8018227 Canada Inc.
  • 8018243 Canada Limited
  • Novelis Cast House Technology Limited
  • Novelis Corporation (Texas)
  • Aluminum Upstream Holdings LLC (Delaware)
  • Eurofoil Inc. (USA) (New York)
  • Logan Aluminium Inc. (Delaware)
  • Novelis Acquisitions LLC (Delaware)
  • Novelis Brand LLC (Delaware)
  • Novelis PAE Corporation
  • Novelis North America Holdings Inc.
  • Novelis South America Holdings LLC
  • Novelis Delaware LLC (Delaware)
  • ALBRASILIS - Aluminio do Brasil Industria e Comércio Ltda.
  • Novelis do Brasil Ltda.
  • Novelis Laminés France SAS
  • Novelis PAE SAS
  • Novelis Aluminium Beteiligungs GmbH
  • Novelis Deutschland GmbH
  • Novelis Sheet Ingot GmbH
  • Novelis Aluminium Holding Company
  • Novelis Italia SpA
  • Al Dotcom Sdn Berhad
  • Alcom Nikkei Specialty Coatings Sdn Berhad
  • Aluminum Company of Malaysia Berhad
  • Novelis de Mexico S.A. de C.V.
  • Novelis Madeira, Unipessoal, Limited
  • Novelis Korea Limited
  • Novelis AG
  • Novelis Switzerland SA
  • Novelis UK Limited
  • Novelis Europe Holdings Limited
  • Novelis Services Limited
  • Novelis (Shanghai) Aluminum Trading Company Limited
  • Novelis (China) Aluminum Products Company Limited
  • Novelis MEA Limited (Dubai)
  • Novelis Vietnam Company Limited
  • Novelis Asia Holdings (Singapore) Pte. Limited, w.e.f. 5th December, 2013

 

 

Associates:
  • Aditya Birla Science and Technology Company Limited Idea Cellular Limited
  • Aluminum Norf GmbH
  • Consorcio Candonga
  • Deutsche Alumnum Verpackung Recycling GmbH
  • France Aluminum Recyclage SA

 

 

Joint Ventures:
  • Mahan Coal Limited
  • Hydromine Global Minerals (GmbH) Limited
  • MNH Shakti Limited

 

 

Trust of the Company:
  • Trident Trust

 

 

CAPITAL STRUCTURE

 

As on 31.03.2014

 

Authorised Capital : Not Available

 

Issued, Subscribed & Paid-up Capital : Rs. 2065.200 Million

 

As on 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

2100000000

Equity Shares

Re.1/- each

Rs.2100.000 Million

25000000

Redeemable Cumulative Preference Shares

Rs.2/- each

Rs.50.000 Million

 

Total

 

Rs.2150.000 Million

 

Issued Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

2065141514

Equity Shares

Re. 1/- each

Rs.2065.100 Million

 

Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

2065134117

Equity Shares

Re. 1/- each

Rs.2065.100 Million

 

Less: Face Value of Equity Shares forfeited

 

Rs.0.500 Million

 

Add: Forfeited Shares (Amount originally Paid-up)

 

Rs.0.200 Million

 

Total

 

Rs.2064.800 Million

 

# Issued Equity Share Capital includes 7397 Equity Shares of Re.1/- each issued on Rights basis kept in abeyance due to legal case pending.

 

(a) Reconciliation of shares outstanding at the beginning and at the end of the reporting period:

 

Equity Shares

Number of Shares

Rs. In Million

Shares outstanding at the beginning of the year

1914583068

1914.600

Shares allotted pursuant to exercise of ESOP

4800

 

Equity Shares Allotted pursuant to exercise of Share

Warrants

150000000

150.000

Equity Shares Outstanding at the end of the period

2064587868

2064.600

 

 

(b) Rights, preferences and restrictions attached to Equity Shares:

 

The Company has one class of equity shares having a par value of Re.1/- per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

 

 

(c) Details of shareholders holding more than 5% equity Shares in the Company on reporting date:

 

Name of Shareholder

Number of Shares

% holding

IGH Holdings Private Limited

349963487

16.95

Turquoise Investment and Finance Limited

124012468

6.01

Morgan Guaranty Trust Company of New York (represents GDRs)

162138001

7.85

Life Insurance Corporation of India and its Associates

239089223

11.58

 

 

(d) Shares Reserved for Issue under Options:

 

The Company has reserved Equity Shares for issue under the Employee Stock Options Scheme.

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2015

31.03.2014

31.03.2013

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

2065.200

2,064.800

1,914.800

(b) Reserves & Surplus

370487.400

365,259.700

332,396.000

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

5,413.100

Total Shareholders’ Funds (1) + (2)

372552.600

367,324.500

339,723.900

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

229738.500

221,085.800

204,430.500

(b) Deferred tax liabilities (Net)

17482.800

11,743.100

11,911.400

(c) Other long term liabilities

4746.300

8,308.600

9,742.800

(d) long-term provisions

4559.000

3,419.600

3,009.400

Total Non-current Liabilities (3)

256526.600

244,557.100

229,094.100

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

56755.300

42,583.700

37,017.200

(b) Trade payables

36516.500

43,837.500

30,440.500

(c) Other current liabilities

26781.300

29,019.100

19,240.900

(d) Short-term provisions

10874.100

10,377.600

10,669.000

Total Current Liabilities (4)

130927.200

125,817.900

97,367.600

 

 

 

 

TOTAL

760006.400

737,699.500

666,185.600

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

368035.200

180,249.800

70,710.000

(ii) Intangible Assets

0.000

297.300

266.500

(iii) Capital work-in-progress

0.000

172,771.300

236,051.100

(iv) Intangible assets under development

0.000

1.000

0.100

(b) Non-current Investments

147817.500

153,124.500

140,501.700

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

14547.300

11,611.500

16,810.800

(e) Other Non-current assets

314.400

125.200

345.100

Total Non-Current Assets

530714.400

518,180.600

464,685.300

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

64689.300

65,950.100

64,319.600

(b) Inventories

88212.300

89,145.800

77,026.100

(c) Trade receivables

18321.800

12,836.500

15,150.400

(d) Cash and cash equivalents

9841.800

11,631.700

14,978.200

(e) Short-term loans and advances

38796.700

32,264.000

22,617.300

(f) Other current assets

9430.100

7,690.800

7,408.700

Total Current Assets

229292.000

219,518.900

201,500.300

 

 

 

 

TOTAL

760006.400

737,699.500

666,185.600

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2015

31.03.2014

31.03.2013

 

SALES

 

 

 

 

 

Income

345250.300

278,509.300

260,569.300

 

 

Other Income

8822.100

11,244.200

9,830.900

 

 

TOTAL                                     (A)

354072.400

289,753.500

270,400.200

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Purchases of Stock-in-Trade

370.400

0.300

3.800

 

 

Cost of Materials Consumed

210562.900

188,042.800

171,365.100

 

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

678.100

(6,762.100)

1,279.400

 

 

Employees benefits expense

15894.800

13,461.000

12,008.000

 

 

Impairment Loss/(Reversal) (Net)

0.000

0.000

172.500

 

 

Power and Fuel

52007.700

35,576.100

30,730.400

 

 

Other expenses

31571.200

23,272.400

23,145.400

 

 

Exceptional Items

5777.000

3,959.800

0.000

 

 

TOTAL (B)

316862.100

257,550.300

238,704.600

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)     (C)

37210.300

32,203.200

31,695.600

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

16370.900

7,116.500

4,359.800

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

20839.400

25,086.700

27,335.800

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

8370.300

8,232.900

6,869.500

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                              (G)

12469.100

16,853.800

20,466.300

 

 

 

 

 

Less

TAX                                                                  (H)

3217.500

2,720.500

3,474.300

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

9251.600

14,133.300

16,992.000

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

7,500.000

7,500.000

4,000.000

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

 

Debenture Redemption Reserve

NA

1,500.000

1,500.000

 

 

General Reserve

NA

10,559.700

8,994.800

 

 

Proposed Dividend

NA

2,064.600

2,680.500

 

 

Corporate Dividend Tax

NA

9.000

316.700

 

BALANCE CARRIED TO THE B/S

16751.600

7,500.000

7,500.000

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export Earnings

NA

82,919.500

75,715.500

 

 

Commission Earnings

NA

2,043.500

7.500

 

TOTAL EARNINGS

NA

84,963.000

75,723.000

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

NA

57,574.700

160,752.500

 

 

Coal and Fuel

NA

1,730.300

4,011.900

 

 

Stores and Spares

NA

985.900

724.300

 

 

Capital Goods

NA

3,517.800

17,738.300

 

 

Trading Goods

NA

0.000

0.000

 

TOTAL IMPORTS

NA

63,808.700

183,227.000

 

 

 

 

 

 

Earnings Per Share (Rs.)

 

 

 

 

Basic

4.48

7.09

8.88

 

Diluted

4.48

7.09

8.87

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2015

31.03.2014

31.03.2013

Current Maturities of Long term debt

NA

6526.400

3628.200

Cash generated from operations

NA

20310.000

(3520.000)

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2015

31.03.2014

31.03.2013

Net Profit Margin

(PAT/Sales)

(%)

2.68

5.07

6.52

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

10.78

11.56

12.16

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

2.04

4.09

7.07

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.03

0.05

0.06

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.77

0.72

0.71

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.75

1.74

2.07

 

 

STOCK PRICES

 

Face Value

Rs. 1.00

Market Value

Rs.132.60

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

1914.800

2064.800

2065.200

Reserves & Surplus

332396.000

365259.700

370487.400

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

5413.100

0.000

0.000

Net worth

339723.900

367324.500

372552.600

 

 

 

 

long-term borrowings

204430.500

221085.800

229738.500

Short term borrowings

37017.200

42583.700

56755.300

Total borrowings

241447.700

263669.500

286493.800

Debt/Equity ratio

0.711

0.718

0.769

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

260569.300

278509.300

345250.300

 

 

6.885

23.964

 

 

 

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

260569.300

278509.300

345250.300

Profit

16992.000

14133.300

9251.600

 

6.52%

5.07%

2.68%

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

No

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

No

8

Designation of contact person

No

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

No

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

No

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

Yes

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

 

LITIGATION DETAILS

 

CASE DETAILS

BENCH:-BOMBAY

 

Lodging No.:-

WTXAL/621/2010

Filing Date:-

17/03/2010

Reg. No.:-

WTXA/70/2011

Reg. Date:-

20/01/2011

 

Petitioner:-

THE COMMISSIONER OF WEALTH TAX - 6 MUMBAI

Respondent:-

HINDALCO INDUSTRIES LIMITED

Petn.Adv.:-

Suchitra Kamble

 

 

 

District:-

MUMBAI

Bench:-

DIVISION

 

Status:-

Admitted(Unready)

Category:-

TAX APPEALS

Last Date:-

25/01/2012

Stage:-

APPEALS FOR ADMISSION - FRESH [ORIGINAL SIDE MATTERS]

 

Last Coram:-

HON'BLE SHRI JUSTICE A.R. JOSHI

 

Act :-

Wealth Tax Act, 1957

 

 

UNSECURED LOAN:

 

Particulars

31.03.2015

Rs. In Million

31.03.2014

Rs. In Million

LONG TERM BORROWINGS

 

 

Deferred Payment Liabilities

NA

13.300

SHORT-TERM BORROWINGS

 

 

Buyers’ Credit

NA

19277.500

Packing Credit

NA

23194.000

Others

NA

0.0000

Total

NA

42484.800

 

 

PRESS RELEASE

 

HINDALCO'S NOVELIS OUSTS CEO, SURPRISING INVESTORS

 

Top aluminum rolled products maker Novelis announced on Monday the surprise ouster of Chief Executive Officer Philip Martens who helped the India-owned firm shift toward the automotive sector.

 

The abrupt departure over the weekend of Martens, a former Ford executive who took over the role in 2009, comes as Novelis has successfully positioned itself as a key supplier of flat rolled aluminum products to the automotive industry, where demand for the lighter metal is burgeoning as automakers seek to design more energy-efficient vehicles.

 

Novelis spokesman Neil Hirsch did not specify a reason for the board's decision to terminate Martens, adding that the company would maintain its focus on premium products under interim CEO Steve Fisher, who previously served as chief financial officer and was instated effective immediately.

 

"They decided it was the appropriate time for new leadership," Hirsch told Reuters, adding that the April 1 start of the Indian fiscal year was a factor in t1he timing. "While this is a change in leadership, it's not a change in strategy."

 

Martens could not immediately be reached for comment. The search for Martens' permanent replacement is currently under way, Novelis said on Monday.

 

Atlanta-based Novelis is a unit of Indian group Hindalco Industries, a flagship company of the Mumbai-based conglomerate Aditya Birla Group.

 

Martens joined Novelis two years after it was acquired by Hindalco following its 2005 spinoff from aluminum producer Alcan Inc., now part of Rio Tinto Alcan.

 

He spent most of his career in the automotive industry, including 18 years at Ford, which is a Novelis customer and a big supporter of the shift from steel to aluminum in body sheet following the launch of the aluminum-intensive F-150 truck in January 2014.

 

Martens' termination comes after Novelis set in aluminum shipments for the can and automotive industries in the third quarter of fiscal year 2015, as it neared full capacity in its production of automotive sheet for Ford.

 

"That's a groundbreaking application for them," one market source said of Novelis' dealings with Ford, adding that he was "dumbfounded" to learn of Martens' departure.

 

The sudden move amid solid performance from the company in recent quarters took many in the market by surprise.

 

"This is a big shake-up," one trader said.

 

 

GOVT TRANSFER GREEN NOD OF EARLIER BLOCKS TO HINDALCO, GMR

 

Hindalco Industries and GMR needn’t apply for recent surroundings clearances (EC) for 4 blocks allotted to them within the current public sale as the federal government has transferred to them the approvals granted to the earlier allottees.

 

In a bid to expedite operations from the lately allotted coal mines, the Environment Ministry had amended EC norms after a request made by the Coal Ministry to facilitate switch of ECs to profitable coal bidders.

 

“We have transferred the ECs of three coal blocks — Kathautia challenge, Gare IV/4 and Gare IV/5 — to Mumbai-based mostly Hindalco Industries. We have additionally transferred the EC of Talabira-I undertaking to Bangalore-based mostly GMR Chhattisgarh Energy,” a senior Environment Ministry official advised PTI.

 

The ministry transfered the ECs final month to these two corporations with some circumstances, the official added. “Any change in scope of work will appeal to the supply of Environment Protection Act (EPA) 1986 and Environment Impact Assessment (EIA) Notification 2006 at the side of the next amendments/round,” stated the letters despatched to these two corporations.

 

That aside, “all circumstances stipulated within the EC letter shall stay unchanged. The profitable bidder shall be liable, if any, for any act of violation of the EPA 1986, EIA notification 2006/ subsequent amendments and circulars which it has inherited through the switch. “The profitable bidder ought to be chargeable for compliance of all courtroom instructions, if any,” the letters added.


Earlier, the EC for Kathautia opencast coal mine venture with a coal capability of 0.eighty million tonnes every year (MTPA) in a mining lease (ML) space of 938.27 hectare in Palamu district, Jharkhand was given to Usha Martin Ltd.

 

Similarly, the EC for the Talabira-I opencast mine challenge with 3 MTPA capability in ML space of one hundred seventy.30 hectare in Sambalpur district in Odisha was held by Hindalco Industries.

The EC for the Gare IV/4 coal mine undertaking with 1 MTPA in ML of 701.fifty one hectare in Raigarh district of Chhattisgarh was given to Jayaswal Neco Industries.

 

The EC for the Gare IV/5 mine venture with 1 MTPA capability in an ML space of 860.forty one hectare in Raigarh district, Madhya Pradesh was given to Monnet Ispat Limited

 

INDEX OF CHARGE:

 

Sr. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10505998

19/06/2014 *

75,000,000,000.00

AXIS TRUSTEE SERVICES LIMITED

AXIS HOUSE, BOMBAY DYEING MILLS COMPOUND, PANDURA 
NG BUDHKAR MARG, WORLI, MUMBAI, MUMBAI, MAHARASHTRA - 400025, INDIA

C11200052

2

10485778

13/03/2014

99,000,000,000.00

STATE BANK OF INDIA

STATE BANK BHAVAN, MADAM CAMA ROAD, MUMBAI, MAHARASHTRA - 400021, INDIA

C00807917

3

10435421

25/06/2013

15,000,000,000.00

SBICAP TRUSTEE COMPANY LIMITED

202 MAKER TOWER "E" CUFFE PARADE, COLABA, MUMBAI, 
MAHARASHTRA - 400005, INDIA

B79008140

4

10390692

07/12/2012

5,500,000,000.00

SBICAP TRUSTEE COMPANY LIMITED

202, MAKER TOWER, E CUFFE PARADE, COLABA, MUMBAI, 
MAHARASHTRA - 400005, INDIA

B63619084

5

10376091

14/05/2013 *

15,000,000,000.00

IDBI TRUSTEESHIP SERVICES LIMITED

ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BA 
LLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA

B78583887

6

10372704

14/05/2013 *

15,000,000,000.00

IDBI TRUSTEESHIP SERVICES LIMITED

ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA

B78582681

7

10360308

14/05/2013 *

30,000,000,000.00

IDBI TRUSTEESHIP SERVICES LIMITED

ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA

B78581881

8

80059220

09/12/2004

1,000,000,000.00

BANK OF MAHARASHTRA

LOK MANGAL, 1501, SHIVAJI NAGAR, PUNE, MAHARASHTRA - 411005, INDIA

-

9

90218583

30/09/2004

4,900,000,000.00

STATE BANK OF INDIA

CORPORATE ACCOUNTS GROUPS BRANCH, VOLTAS HOUSE; 2 
3; J. N. HERDIA MARG; BALLARD ESTAT, MUMBAI, MAHARASHTRA - 400001, INDIA

-

10

90218478

24/12/2003 *

1,000,000,000.00

STATE BANK OF INDIA

SECURITIES AND SERVICES DIVISION; MUMJBAI MAIN BR. 
, STATE BANK BUILDING; MUMBAI SAMACHAR MARG, BOMBAY, MAHARASHTRA - 400023, INDIA

-

11

90216319

15/07/2002

1,000,000,000.00

STATE BANK OF INDIA

SECURITIES AND SERVICES DIVISION; MUMBAI MAIN BRAN, STATE BANK BUILDING; MUMBAI SAMACHAR MARG, MUMBAI, MAHARASHTRA - 400023, INDIA

-

12

90216315

04/05/2002

1,000,000,000.00

STATE BANK OF INDIA

SECURITIES AND SERVICES DIVISAION; MUMBAI MAIN BR., STATE BANK BUILDING; MUMBAI SAMACHAR MARG, MUMBAI, MAHARASHTRA - 400023, INDIA

-

13

90216314

03/05/2002

1,500,000,000.00

STATE BANK OF INDIA

SECURITIES AND SERVICES DIVISAION; MUMBAI MAIN BR., STATE BANK BUILDING; MUMBAI SAMACHAR MARG, MUMBAI, MAHARASHTRA - 400023, INDIA

-

14

90216284

22/02/2001 *

1,000,000,000.00

STATE BANK OF INDIA

SECURITIES AND SERVICES DIVISION; MUMBAI MAIN BR, 
STATE BANK BUILDING; BOMBAY SAMACHAR MARG, MUMBAI, MAHARASHTRA - 400023, INDIA

-

15

90216277

22/10/1999

500,000,000.00

STATE BANK OF INDIA

NEW ISSUES AND SECURITIES SERVICES DIVISION, MUMBAI MAIN BRANCH; BOMBAY SAMACHAR MARG, MUMBAI, MAHARASHTRA - 400023, INDIA

-

16

90218298

22/10/1999

3,500,000,000.00

STATE BANK OF INDIA

SECURITIES AND SERVICES DIVISION; MUMBAI MAIN BRAN 
, STATE BANBK BUILDING; BOMBAY SAMACHAR MARG, MUMBAI, MAHARASHTRA - 400023, INDIA

-

17

90218220

27/12/1999 *

712,000,000.00

INDUSTRAIL DEVELOPMENT BANK OF INDIA

IDBI TOWER, CUFFE PARADE, BOMBAY, MAHARASHTRA - 400005, INDIA

-

18

90216245

06/08/1997

10,000,000.00

STATE BANK OF INDIA

SECURITIESA AND SERVICES DEVISION; MUMBAI MAIN BR., STATE BANK BUILDING; MUMBAI SAMACHAR MARG, BOMBAY, MAHARASHTRA - 400020, INDIA

-

19

90218115

25/07/1997

105,000,000.00

ALLAHABAD BANK

NO. 2 NETAJI SUBHASH ROAD, CALCUTTA, WEST BENGAL, 
INDIA

-

20

90218103

04/07/1997

80,000,000.00

CITIBANK N.A.

SAKHAR BHAVAN; 7TH FLORR, NARIMAN POINT, MUMBAI, 
MAHARASHTRA - 400021, INDIA

-

21

90216236

01/11/1996

45,000,000.00

HOUSING DEVELOPMENT FINANCE CORPORATION LTD.

RAMON HOUSE;, 169; BACKBAY RECLAMATION, MUMBAI, MAHARASHTRA - 400020, INDIA

-

22

90218031

03/09/1996

3,750,000.00

UNION BANK OF INDIA

MORWA BRANCH, DISTRICT: SIDHI, SIDHI, MADHYA PRADESH, INDIA

-

23

90219037

21/08/1996

60,000,000.00

HOUSING DEVELOPMENT FINANCEA CORPORATION LTD

RAMAN HOUSE; 169; BACKBAY RECLAMATION, MUMBAI, MAHARASHTRA - 400020, INDIA

-

24

90218024

07/08/1996

742,500,000.00

STATE BANK OF INDIA

RENUKOOT, P. O RENUKOOT, SONABHADRA, UTTAR PRADESH - 231217, INDIA

-

25

90218022

22/06/1999 *

940,000,000.00

UCO BANK

RENUKOOT BRANCH, SONBHADRA, UTTAR PRADESH - 231217, INDIA

-

26

90217983

14/10/1996 *

150,000,000.00

EXPORT IMPORT BANK OF INDIA

CENTRE ONE WORLD TRADE CENTRE, CUFFE PARADE, MUMNBAI, MAHARASHTRA - 400005, INDIA

-

27

90216220

22/02/1999 *

700,000,000.00

ANZ GRINDLAYS BANK LTD.

NETAJI SUBHASH ROAD, CALCUTTA, WEST BENGAL - 700001, INDIA

-

28

90217956

14/10/1996 *

700,000,000.00

ANZ GRINDLAYS BANK LTD.

19 NETAJI SUBHASH ROAD, CALCUTTA, WEST BENGAL - 700001, INDIA

-

29

90217923

30/06/1995

116,000,000.00

BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION

8; INDIA EXCHANGE PLACE, CALCUTTA, WEST BENGAL - 700001, INDIA

-

30

90217917

05/06/1995

730,000,000.00

UCO BANK

RENUKOOT BRANCH, P .O RENUKOOT, SONBHADRA, UTTAR 
PRADESH - 231217, INDIA

-

 

 

FIXED ASSETS:

 

·         Land

·         Building

·         Plant and Machinery

·         Computer

·         Vehicles

·         Furniture and Fixture

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.90

UK Pound

1

Rs.98.61

Euro

1

Rs.69.73

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ART

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

8

PAID-UP CAPITAL

1~10

8

OPERATING SCALE

1~10

8

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

8

--PROFITABILITY

1~10

7

--LIQUIDITY

1~10

9

--LEVERAGE

1~10

9

--RESERVES

1~10

9

--CREDIT LINES

1~10

8

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

YES

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

YES

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

 

 

 

TOTAL

 

74

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

 

RATING EXPLANATIONS

 

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NB

NEW BUSINESS

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.